Round your answers to the nearest cent. PV of investment: \$ FV of investment: \$ k. Five banks offer nominal rates of 7% on deposits, but A pays interest annually, B pays semiannually, C pays quarterly, D pays monthly, and E pays daily. Assume 365 days in a year. 2. If the TVM is the only consideration, what nominal rate will cause all of the banks to provide the same effective annual rate as Bank A? Round your answers to two decimal places. beginning today. How large must the payments be to each bank? Round your answers to the nearest cent